Ask Question
Social StudiesSocial Studies
20 June, 09:17

Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP) ? For example, is cotton used to produce a new shirt included in GDP?

+1
Answers (1)
  1. 20 June, 10:47
    0
    No, the value of intermediate goods is not included in GDP because that value is already included in the value of the final goods.

    In other words, GDP is a measure that includes only the value of final goods and services produced in a given region, within a given period of time.

    In this case, the value of the cotton is already added to the value of the new shirt, therefore, only the value of the shirt is included in GDP.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP) ? For example, is cotton ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Sam sophomore is suing the school board of small town, iowa for suspending him because he held up a sign at a pep rally denouncing war. he claims that his first amendment right of free speech was violated.
Answers (1)
A microfinance institution would most likely work to support which individual?
Answers (1)
One who believes that under certain circumstances involving a criminal threat to public safety, the interests of society should take precedence over individual rights.
Answers (1)
Which identifies one of the goals of government listed in the Preamble? A. To guarantee employment to all citizens B. To expand the nation's frontiers westward C. To establish independence from Great Britain D.
Answers (2)
Anita puts forward the idea that under capitalism, working people and their bosses will struggle against each other. From this struggle, a new kind of society will emerge. Her thoughts most closely mirror those of which theorist?
Answers (1)
New Questions in Social Studies
Why was louis xvi afraid of the formation of the national assembly
Answers (1)
The "Redeemers" in the last-19th century South would have been MOST likely to support?
Answers (2)
What are the three qualifications to become a legislator in Alaska in either the House or the Senate?
Answers (2)
The lowest level of the Georgia court system and the level most likely to hear general criminal and civil cases at the state level is the Supreme Court the Court of Appeals Municipal Court Superior Court
Answers (2)
Which of the following terms is NOT used by behavior analysts to describe motivation?
Answers (1)
Home » Social Studies » Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP) ? For example, is cotton used to produce a new shirt included in GDP?
Sign Up Forgot Password?